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MSNBC
Jan 22, 2013 7:00pm PST
conversation will look to vote on a measure tomorrow. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids. >> this is a party, a retreat. >> a retreat of sorts. >> they may not even vote for this. >> it really is unacceptable. >> they will evolve or die, it is that simple. >> it will stand out as one of the great days. >> today marks 40 years. >> the 40th anniversary of roe v. wade. >> this allows a woman free choice. >> support for reproductive choice is at a record high. >> 54% believe abortion should be legal. >> there was an assault on women's access to reproductive health care. >> do i believe that the supreme court should overturn roe v. wade? yes. >> 70% say it should not be overturned. >> this is a deeply personal issue, one
FOX Business
Jan 23, 2013 6:00pm EST
way to getting punted until the spring, the house approving a four month debt ceiling extension. senate majority leader harry reid saying the senate will pass the house bill quickly. with more, a columnist for the national review and columnist for the new york post. i have my dreams team here to talk about this. i want to start with you because you're sitting right across from me. they are just taking the stand down the road. i mean, look, at the end of the day we are talking about waiting until may. >> i think we will be talking about this for most of the year because obviously there is a huge gulf between the president and the house. the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, wh
PBS
Jan 23, 2013 1:00am PST
in the debt ceiling that's been proposed by house republicans. the move to extend the nation's borrowing limit for three months is set to come to a vote tomorrow. and that news has reassured markets that the risk is fading that the u.s. will default on its debt for the first time in its history. darren gersh reports. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills. >> reporter: at a house hearing on the debt cei
NBC
Jan 22, 2013 5:30pm PST
with an equal amount of spending cuts are now offering to raise the debt ceiling for three months in exchange for passing a budget. >> it's time for us to come to a plan that will, in fact, balance the budget over the next ten years. >> reporter: today, white house press secretary jay carney indicated the president would not oppose a short-term solution. now, the battles begin in earnest tomorrow when the house is expected to vote on the debt ceiling bill and when secretary of state hillary clinton will face some tough questions from congressional committees when she appears before them to talk about the terrorist attack in benghazi. brian? >> kristen welker on the white house north lawn tonight, thanks. >>> late word tonight that top u.s. commander in afghanistan, general john allen, has been cleared of engaging in any inappropriate behavior regarding his e-mail exchanges with the woman from tampa, jill kelley. this case came to light originally as part of the petraeus affair. and an investigation was launched. >>> the u.s. state department confirms today three americans were indeed
FOX Business
Jan 23, 2013 11:00am EST
away our secrets. voting on the debt ceiling deal, three month extension, should be soon, recovering, you know, kick the can deal or lifting economic uncertainty. that's the question. dagen: the results next hour of the vote in the house. stay with us. ♪ dennis kneale. cheryl: i am cheryl casone. congress about to vote on a short-term extension of the debt ceiling. data goes to mid-19th. the debt ceiling fight all over it, results of that vote, congressional reaction going into effect, and the market. dennis: adopt 60, 13,771. the shine off of apple, sagging auto sales as the company reports earnings "after the bell" today. should you buy, hold or sell? at stock is ahead. cheryl: one of the biggest record. treasury secretary tim geithner leaves office friday. we are going to tell you why president obama replaced him, jack lew may not be a shoe in. tough questions from congress. dennis: top of the hour. we have stocks >> caller: minutes, nicole petallides at stock exchange. nicole: taking a look at the market, pretty good, dow jones industrials 400 points from an all-time high, dow
MSNBC
Jan 23, 2013 9:00am PST
sleep ♪ >>> today, the house is expected to pass a bill that would suspend the debt ceiling for three months with only republican support. in an about-face, speaker boehner is taking up the democratic position and urging his party not to fight over the debt ceiling. could it be that the spirit of compromise is visiting boehner's rightward flank? no. here's the fine print. rather than raise the debt ceiling, the bill temporarily suspends it. meaning a vote will be held at some future point to determine whether to pay off the debt retroactively. secondly, this is a larger scheme to move the battle over the deficit and spending to a place where the republicans feel they have more leverage. the gop hashed plans for a republican revolution. politico report s speaker john boehner, using paul ryan as his salesman, urged his members to make their stand on the budget and sequesters. jake sherman writes, in roughly 48 hours, the republicans went from defense to offense and retreated to the debt ceiling must be matched by spending cuts. it was the swiftest and most drastic position switch in boehner's speak
NBC
Jan 22, 2013 6:00pm PST
debt ceiling for three months, the president would not stand in the way. in the past, the obama administration has not embraced the idea of a short-term extension. >>> police investigating a shooting at a texas college that left three people injured, it happened at the lone star college just north of houston. authorities say it started with an argument between two men that escalated into gunfire. a student said chaos broke out quickly after. >> we heard shots, and automatically we saw students running. and we went under our desks. our teacher shut down the lights and we tried to take cover. >> both men were shot as well as a college employee caught in the cross fire. that employee is listed in stable condition. police did detain the two men. campus and several nearby schools were put on lockdown for hours. school will be back in session tomorrow, though. >>> california's approach to dealing with mental illness could be a model for the entire nation. that's the message state senate leader darrell steinberg took to washington today. he met today with aides to vice president joe bi
CSPAN
Jan 23, 2013 10:00am EST
debt ceiling, august 20 11, our economy produced the lowest job growth in three years. during that two-month period, the dow jones plummeted 2,000 points including one of its worst single day drops in history, 635 points on, on august 8. s&p downgrade the u.s. credit rating for the first time in history. leading republicans in june, 2011, criticized the notion of a short-term debt ceiling increase as providing a lack of certainty. the majority leader said, i quote, we feel very strongly that one of the reasons we continue to see an ailing economy is that people have very little confidence, have very little senchity in terms of where we are headed, end of quote. and our ways and means chairman echoed that feeling only days later, saying about the prospect of a short-term debt ceiling increase, in quote, it does not give you certainty. this bill does not give certainty but uncertainty. the action we took new year's day to avoid the fiscal cliff brought our total deficit reduction over the past two years to $2.5 trillion. what's more, it set the stage for future further balanced agreements that includ
MSNBC
Jan 23, 2013 12:00am PST
another gimmicky kind of increase in the debt ceiling, just three months, and if a budget doesn't pass, then members of congress can't get any pay, their pay is held up, i think that we ought to ask them, then, to put up all the votes, i mean enough votes to pass the bill, to see if their members, who have pledged not to raise the debt ceiling, who said they wouldn't do it unless there were deep cuts for every dollar, for every dollar that the debt ceiling was raised, a dollar in cuts. >> sure. >> let's see what they do tomorrow. >> congresswoman jan schakowsky, thanks for joining us tonight. appreciate it so much there a lot more coming up in the next half hour of "the ed show." stay with us. >> this is our generation's rendezvous with destiny. >> republicans can't win elections with their policies. so rights in the gang are hard at work rigging the electoral college system. the latest stunner from virginia is next. >> he's had it with taxes. he says he's going to take drastic action. he says he's had enough. >> legendary golfer phil mickelson is complaining about his new tax rat
FOX Business
Jan 22, 2013 11:00pm EST
a vote tomorrow to push back the debt ceiling, another three months to may. monica, michael, and ron, ron, you worry thousandth this punt on the the deet ceiling, why? >> not just punting, but retreating. ironic because they just finished a, quote, retreat. we have to stop stealing from children and the next generation. stop stealing from them tomorrow, fight the next fight. not caring for this today. frankly, i think it's disgraceful. they are requiring the senate to pass a budget, but the senate cease going to pass a democratic budget, one that raises taxes and probably increased spending, too, and what good is that? we're not requiring the senate to balance the budget in ten years, 25 years, or ever. i don't know what good is coming from the deal. you're right. it's unfortunate, and it's a retreat. remember this, he may not have the votes to pass it tomorrow. conservatives in the house can still step up and say, no, listen, we're doing something today. today is the day to save the nation and children. neil: could be the argument that, you know, cooler heads prevail, get the ducks
CSPAN
Jan 23, 2013 7:00am EST
? caller: i would say, first, the debt ceiling there were talking about passing, i think it's a good time, a good thing for the short term. but what is stopping them from in may saying we need three more months and just kicking the can down the road? there has to be some consequences for republicans and democrats to actually say you've got to do this by a certain time or you don't have any more money to spend, so you don't get a raise. something has to be done to snap some reality back into congress. right now our grandchildren will end up paying our debt. that is pretty sad. i never thought there would be a day that i would say that. unfortunately, it is here. host: here's more information about the debt ceiling vote today in the house. freddie joins us now from missouri on our independent line. caller: hello. i think the congress has just gotten away from us. this country is we the people. the people don't have any say about anything. congress is the only one. they keep raising their salaries. and the people out here, money wise, we are going downhill. they keep raising taxes. nobody can really do much. i think congress -- everybody up there ought to just take one year's salary away from them
KRON
Jan 22, 2013 5:00pm PST
she could be grilled on what went wrong. as for the debt ceiling. republicans controlling the house are moving quickly to defuse a potential debt crisis. they're offering legislation to prevent a first-ever default on u.s. debts for three months or so. that would delay what could still be a showdown. >> in my view it is not responsible to raise the debt ceiling and the way that we change the way we do things here. >> catherine: democrats don't like the 3-month delay idea.but the administration won't oppose it. some of the quirky things which were part of the are all over the internet. you heard about beyonce lip- synching. but did you know that her emerald earrings are worth 1.8 million dollars? some people thought that was an excessive display.others loved them and didn't care. then there's the luncheon.where the first lady sat next to house speaker john boehner. photos and video suggest she wasn't even pretending to enjoy that. some observers say michelle obama was rolling her eyes. and even when boehner touched her arm and tried to talk to her.she mostly ignored him and refused to make eye contact. it's been described as 'rude.' >> but no one is criticizing little sasha for a big yawn during her father's speech yesterday. she
WHUT
Jan 23, 2013 6:00pm EST
house republican plan to lift the debt ceiling for the next four months. the measure would lift enforcement of the government's $16.40 trillion borrowing limit until may 18. in a statement, the white house said it would not oppose the temporary move. a house vote is expected today. protests on both sides of the reproductive rights debate were held on tuesday to mark the 40th anniversary of roe v wade, the supreme court decision that legalized abortion. dozens of opponents rallied outside the supreme court's ahead of what they say will be a larger march near capitol hill on friday. meanwhile in jackson, mississippi, abortion rights advocates held a demonstration outside of the state's lone abortion clinic which has faced repeated threats of closure. a new poll coinciding with the fourth anniversary shows national support for abortion rights is at an all-time high. a record 70% of americans oppose overturning roe v wade, and for the first time on record, a majority now believes abortion should be legal in all or most cases. two people are in custody after a shooting left three wou
CNN
Jan 23, 2013 4:00am PST
. >>> republicans shifting strategy on the dealt ceiling. they have the votes to pass a short-term debt ceiling increase today. they will look for deep spending cuts later. it would suspend the debt limit to allow the u.s. to keep borrowing money to pay bills for three months. complicated but politically interesting. in exchange, calling on the senate to pass a budget by spring. >>> so lady fwgaga playing at t inaugural campaign bash for staffers and a special guest with her. tony bennett to sing a duet for "the lady is a tramp" sang they like so much. bennett also performed for several other presidents. >>> tough news for lady gaga. justin bieber passed her on twitter. justin bieber the most followed person on theet earth. approximate 33,300,000. >> i'm sure my daughters follow him. i will have to ask them. maybe i should follow him. >> 33,300,001 with soledad. >>> did beyonce lip sync. here is how it went on inauguration day. ♪ and the rocket's red glare the bombs bursting in air gave proof through the night that our flag was still there ♪ >> so much fun to watch in person. we were really like right up in front. the marine corps band stirred up controversy, because the spokesperson released a statement saying that beyonce did not actually sing and walked it back
FOX Business
Jan 23, 2013 5:00pm EST
debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in the 1990s. that didn't didn't work too well. they're focusing on what is called the sequester, which are across the board spending reductions. that's where i think they will make their stand. we'll have a good robust debate about the level of spending we'll have in this country. the cuts in the sequester are too much for the pentagon for republicans to like. that will be focus rather than having republicans blamed for defaulting on the debt or shutting down the government. that was a shrewd move on their part. melissa: everybody talks about we need to get entitlement spending uncontrol. we need to balance our books, seem
CSPAN
Jan 23, 2013 6:00am EST
find another loophole that allows them to pay off the debt ceiling for another three months. we emerge from almost crisis to almost crisis through the next year while at the same time you notorious on the other side for complaining that the problem with our economy is uncertainty. i have heard that many times than a little bit both here in this institution and in the rules committee and those that were on the political trail. now i agree that continuously threatening to fulfill our national obligations is a serious breach of economic uncertainty. but republicans seem to be attracted to this kind of dangerous gimmicks to act seriously to act on the full faith and credit of the united states. until they do, i suspect that we'll have a lot more meetings on this very issue. now as a lawyer, not a constitutional scholar, having made a lot of decisions about constitutionality as a federal judge and when i went on the bench, i was accused of being a judicial activist. and i was thrown off the bench. i was accused of being a judicial activist. and i guess that's compared to strict const
MSNBC
Jan 23, 2013 2:30am PST
to vote on a plan that would diffuse the debt ceiling crisis. the federal government could keep borrowing money for three months, in exchange house develop members want the senate to pass a budget, something that body has not done since 2009, exactly 1,365 days ago. this time instead of demanding spending cuts, republicans added a provision to the bill that would suspend lawmakers own paychecks if a budget is failed to be passed by april 15th. >> most americans believe if you don't do your job you don't get paid. that's the basis for no budget no pay. it's time for the senate to act. i think the american people understand that you can't continue to spend money that you don't have it's time for us to come to a plan that will, in fact, balance the budget over the next ten years. it's our commitment to the american people. we hope the senate will do their budget as they should have done over the last four years. >> boehner's plan getting a pretty good reception. the club for growth which led the revolt against his plan b proposal last round, said it will not oppose today's plan on suspending the debt ceiling, and even
FOX Business
Jan 23, 2013 4:00pm EST
early 2015. they will not stand in the way of this three-month increase of the debt ceiling. they want a much longer increase. >> ideally we would extend, raise the debt ceiling for a long period of time so that this is not a question, the uncertainty surrounding as of late 20 political strategy house republicans have taken will be removed. >> the senate will take this bill up and pass the bill, so feebly the white house and the senate, it is a done deal. now, and the senate and the house putting a budget together. john boehner said his budget republicans will release shortly will balance the budget in 10 years. david: rich edson, one of the best reporters i know in washington. we are awaiting the numbers on apple. the stock is about 30% off of the all-time high in fall. could we see the earnings decline for the first time in almost 10 years? keep it right here, a very important our coming straight up. sandra: seaway president of iceland is against big bank bailouts. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possib
CNN
Jan 23, 2013 2:00am PST
short term debt ceiling increase today and seek deep intending cuts later. their plan was to spend the $16.4 trillion debt limit to allow the u.s. to keep borrowing money to pay its bills for another three months, then increase the legal limit to that new debt level. confusing but important politically. in exchange they're calling on the senate to pass a budget by spring. >> rimportant chess move in the debt talks. exit polls from tuesday's election in israel show netanyahu will almost certainly hold on to his job. the surprising surge of a new centrist party has weakened netanyahu's power, but could ease strained relations with the u.s. and signal a good sign for more flexibility for peace efforts. >> so much closer than anyone thought. >>> a candid look at mental illness in a very famous family. mayor yell he called running from crazy. more from her and her documentary coming up. [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. has oats that can help lower cholesterol? and it tastes good? sure do
CNBC
Jan 23, 2013 1:00pm EST
black. republican representative to tennessee. it extends the debt ceiling limit for another three months. welcome, good to have you with us. >> good to be with you, tyler. >> in the last few minute, chief washington correspondent, put out the idea that this vote, or this change of tactics, in the midst of the fiscal discussion, effectively may take the debt ceiling off the table as a bargaining chip. not just for this go round but going into the future. do you see it that way? is the debt ceiling no longer a legitimate tool for use? >> i think that that is exactly what we are doing and requiring that there will be a budget passed by the senate. obviously if you don't have a budget pass in four years now that democrat controlled senate has not passed a budget. you can't get to the point of talking about how you control your spending. we know that washington has a spending problem. this is a way that we can get them to do what they are stat torely required to do. so we are really hoping that this will make it so that they come up with a budget that we can actually talk about. >> so just to make it
CSPAN
Jan 22, 2013 8:00pm EST
than they can? [laughter] okay. i repeat that i am glad the debt ceiling is not an issue that we need to address now. the debt ceiling is not what it did for a while. we have many months work through this. senator patty murray is going to be my lead on the budget. senator baucus is going to be my lead on the debt ceiling. [inaudible conversations] >> outgoing secretary of state hillary clinton will be on capitol hill tomorrow to answer questions about the september 11 attack on the u.s. consulate in benghazi libya. it resulted in the deaths of four americans, including the u.s. ambassador. at 9:00 a.m. eastern, she will testify at a senate foreign relations committee hearing. at 2:00 p.m., she will be at the house foreign affairs committee. we will have full coverage on c-span3 and c-span.org. >> villagers have always meant a lot of time fighting irregular warfare. those terms don't make a heck of a lot of sense. that is one of the big takeaways that i have been doing six years of reading and research for this book. the way we think about this is it's all messed up. we think that somehow, conventional warfare is the norm. it is how these conventional armies slug it out in
CSPAN
Jan 23, 2013 5:00pm EST
house wants to celebrate the disconnect between debt ceiling and for the three-month moment, then fine. i don't think it was a big deal today in terms of whether the house leadership and the senate leadership were in agreement. what the big deal about it, it's the wrong path to go down. what they're saying is, if you want to get paid, let's make sure seniors pay by eliminating the medicare guarantee. you want to get paid, let's make sure children, people with disabilities and other seniors, long-term health care pay the price. children, investments in their future, their education, their personal fulfillment and aspirations of their families and global competitiveness of america, that will pay a price, too. and our veterans will pay. do you want your pay check, this is the budget that goes with it. i think it's all wrong, but the fact is, the one part that has shall we say some appeal was that it was a recognition that for three months and for today, would be connected to the debt ceiling. i don't know if any of you follow -- what you do at night, but last night i watched the ways and
FOX
Jan 22, 2013 5:00pm PST
the debt ceiling. the house is expected to approve legislation on wednesday that would raise the debt limit for three months without any cuts to spending. members of the congress believe they can come up with a spending plan during that window. honda of campbell also introduced legislation for a back up plan that would prevent the worse fiscal cliff. >> i think we should have a process that addresses that so that it doesn't become a barrier or a political football. >> the last time lawmakers fought over the debt ceiling two years ago the country's credit rating was downgraded. >>> on wall street, stocks closed higher despite mixed earnings. >>> president obama began the first day of his second term with a traditional postinaugural prayer service. the president and first lady were joined by vice president biden and his wife at the washington cathedral this morning. the national prayer service dates back to the first inauguration of george washington. the interfaith service included prayers and readings from christian denominations along with islam, judisim and the sikh religion. >>> we're on whole foods where john m
CSPAN
Jan 22, 2013 8:00pm EST
summer of 2011. the house majority here toyed with the debt ceiling. and the ramifications were i think not only serious but severe. in terms of job creation, august of 2011 was the worst in the last three years. the market plunged in those two months 2,000 points, and it had in that period the worst single day drop in history. on august 8, it was looking at my notes on very exact, 635 points. the treasury was forced to spend well over $1 billion in interest payments, and i think we all remember so vividly that there was a downgrading of our credit rating. so a postponement of three or four months has more than the potential of some very serious consequences. and so we urge very much that as this committee considers this bill that you remember what happened before, only 18 months ago, and i think you seeing the debt ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a t
CNBC
Jan 23, 2013 4:00am EST
to extend the u.s. debt ceiling for nearly four months. that bill is expected to get almost unanimous support from the republican caucus, meaning it will pass. democrats would prefer a longer term solution. senate majority leader harry reid has expressed support for the house bill. the white house says president obama won't stand in the way of it becoming law. ross? >> yeah. >>> we've been asking as a result here in davos how well u.s. lawmakers' persistent failure to come up with a permanent solution impact the u.s. economy. this is some of these views. >> the lack of decisions in the u.s., kicking the can down the road will be a drag. i think it will be a slower start in the united states as a result generally. >> actually very concerned because the issue is demography, medicare. it's not -- everybody focuses on the cost of running the state. about 15% to 20%. but in the short term, i think actually there will be answers. >> longer term, i think u.s. will be supported by the shale gas and the shale oil industry that is growing very fast at the moment. the energy bill will
CSPAN
Jan 22, 2013 11:00pm EST
ceiling is not an issue we need to address now. the debt ceiling is not going to kick in for a while. we have many months of work through those and senator murray is going to be my lead on the budget. senator baucus is going to be my lead on the debt ceiling. [inaudible] >> aren't accurate or inaccurate schenck, president department vice president attended interfaith prayer service in washington. the sermon was delivered by methodist pastor, adam hamilton from kansas. this is an hour and a half. be smart used mac ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [choir singing] [choir singing] ♪ [choir singing] ♪ [choir singing] ♪ [choir singing] ♪ [choir singing] ♪ [choir singing] ♪ [choir singing] [silence] ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [speaking in spanish] [speaking in spanish] >> and again at washington national cathedral. [speaking in spanish] >> it is their great pleasure to extend a warm and welcoming to everyone, to this house of prayer for all people. [speaking in spanish] >> although we have distinct f
NBC
Jan 23, 2013 7:00am PST
okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not get paid. >> you can't go for months and months without a paycheck. and what this does is basically says that your pay gets escrowed, put on hold until you pass a budget. >> reporter: trying to turn up pressure on democrats in the senate, who have not passed a regular budget in four years, relying on this comparison. >> didn't exist the last time the senate passed a budget. >> the last time they passed a budget the ipad hadn't even been introduced. >> it is expected a block of conservatives probably will not support this. house leadership hopes that it will pass. it does provide some breathing room. it does not enforce the debt ceiling. we'll be back at this in a couple of months. natalie? >> kelly o'donnell, thank you so much. >>> cnbc's courtney reagan is at the new york stock exchange for us again this morning. good morning, courtney. >> good morning, natalie. that vote that
FOX News
Jan 23, 2013 10:00am PST
that for four months, giving the president the debt ceiling increase that he wanted till may. the house passed the measure by 285-144 vote and it's a bipartisan showing on an initiative brought fourth by the republicans to control that chamber, days after president obama gave an inaugural speech at that seemed to carry some pointed attacks directored at the republican party. here are excerpts of that. >> we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. we do not believe that in this country freedom is reserved for the lucky. or happiness for the few. the commitments we made to each other, through medicare, medicaid and social security. these things do not sap our initiative. they strengthen us. [applaus [applause]. they do not make us a nation of takers, they free us to take the risks that make this country great. we, the people, still believe that enduring security and lasting peace do not require perpetual war. we cannot mistake absolutism for principles or substitu
CNN
Jan 23, 2013 12:00am PST
sticking to a message, at choosing a message. he's been good on the debt ceiling talking about we're not authorizing spending, we're making good on the bills we already owe. so i think we should keep an eye on that for the next four years and see whether that opens up the realm of possibility for him. >> excuse me, this is such a strong point because it sort of got lost in coverage of the inauguration day. the forming of this group called organizing for action is an effort by the obama people, the president and his people, to bring what they learned during the campaign, to support him with the so-called bully pulpit of public opinion. if they're able to do that half as well as they did in the campaign -- >> you saw with the fiscal cliff they were feeling the heat. let's take a break. and come back and talk about guns and gun control. i'll try to keep my voice which i think ironically i got flu after dr. oz gave me a flu jab on this very show. i'll have a word with him later. we'll be back after the break. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?!
CNBC
Jan 23, 2013 12:00pm EST
vote on extending the debt ceiling is just minutes away. >>> and you asked for it on twitter and we're going to deliver with four plays on four stocks so you can make your trades. lots more "halftime report" is on the way. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. lots more "halftime report" is lots more "halftime report" is >>> welcome back. time for top three trades now. first up intuitive surgical ripping higher. >> what a rip, scott. in fact, just last week we were talking with herb greenberg because citron research came out with a negative on the stock and it dropped by $12, then turned and burned to the upside $20
Current
Jan 23, 2013 6:00am PST
through? punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a balanced approach and the american people agree with him on that part. so if they have to act on it in the next week, people are still that much engaged. they're hoping in three months the american public will disengage enough for them to create another false narrative. >> so when we talk about rating the debt ceiling. we've already racked up the bills and we have to pay them. that's an obvious -- that's the fact. >> hal: right. >> they like to combine the two right and make it about future spending and paying off the bills. the president says it over and over and over again but it doesn't stick. don't understand why it doesn't
CNBC
Jan 23, 2013 9:00am EST
the debt ceiling. news in europe, david cameron vowing a referendum on whether britain remains in the eu. in japan, longest losing streak in two months. china awaits data, that's out tonight. the road map in the u.s. starts off at the golden arches. u.s. same-store sales up 9% for mcdonald's, helped by the dollar menu and mcrib. >> ibm and google surging premarket. google gets its price target raised by six firms this morning on better than expected earnings. >> coach getting pummeled this morning, blaming its big earnings miss on weakness in north america during the holidays. it says it is transforming itself into a lifestyle brand. >> apple's results tonight after the bell. could this be the quarter that marks the bottom on the stock. will tim cook talk about the next omg product in the pipeline. >>> we'll start with mcdonald's. it earned 1.38 nds the fourth quarter, it exceeded estimates. ceo don thompson said for the near term, mcdonald's expects top and bottom line growth to remain under pressure with january global comp sales expected to be negative. jim, it's come a long way since the mid-80s here. still pressure on margins. the doll
CSPAN
Jan 23, 2013 5:00pm EST
-escalation on the debt ceiling issue. hence the president's second major win in a month and shows republicans are in full on retreat on fiscal policy. president obama has consistently said his refused to negotiate. his strategy is indicated republicans are backed up their threats to take the nation into default. the president spared on republicans. they blinked because they realized they didn't have the leverage they thought they would. this is the president's second big victory in a row coming after the new year's eve agreement that ended bush tax breaks for the wealthiest 2% of americans. gambling was the fault was never a sound plan. substantively we all know, markets now, this is though, americans know as playing with fire. politically it was a loser as well. americans had a bad taste in the mouth that could join christ in 2011. poll showed that the republicans back then it would have the him even more so. in recent weeks many conservative opinion makers have been warning republicans this is a losing fight. even senator cornyn was getting cold feet last week about the idea aft
CBS
Jan 22, 2013 6:00pm PST
liberalism is back. >> reporter: but there is a trues in the battle over the debt ceiling. wednesday, house republicans are expected to pass legislation allowing the government to pay the bills for the next few months. republicans made clear that it was not the right thing to do, to play chicken with the full faith and credit of the united states. >> reporter: but this debt limit deal demands democrats in if senate do something 97 not done -- they have not done in nearly four years: pass a budget. >> we clearly near a budget. there hasn't been a budget in three and a half years. the debt has gone up $5 trillion since we had a budget in the senate. >> reporter: the g.o.p. initially wanted to use a vote on the debt limit to force democrats and the president to agree to more spending cuts. randall pinkston, cbs news, washington. >>> earlier in this newscast, we showed you a 49ers fan who tattooed his love for the team in vallejo tonight. now let's introduce you to nez adrian. he is the reno tattoo artist who incorporated colin kaepernick. he had kaepernick as a can vice since 2008 when he played for the university of nevada. adrian's customer base has grown with every 49ers win. >> i was pretty surprised. pretty a
CNBC
Jan 22, 2013 11:00pm EST
have emotions. they aren't about the fiscal cliff or the debt ceiling or the election. it is totally working this market. so i have to go back to the mathematical well. what can i tell you, we want to know what the queen thinks it could go next. take a look at this chart. the s&p said it would. and shortly thereafter she told us that the low was likely to be pivotal, as a key part of her methodology. you heard me talk about fibonacci ratios. these numbers are 23.6%. 38.2%. 50 % and 69.1%. it is eerie and according to many technicians it is a crucial turning point in price targets. and you apply the ratios that i mentioned and there is always an important level for that security. based on that low the s&p was ready to roar and she gave us a price target of 1510. last time we highlighted her work she said that if the s&p could break out it would be a straight line straight shot to her 1510 target. sure enough, i went back to her for info. so what does she think about the s&p prospects right now? since it took out the key high it made on december 18th before the big end of the year sell
MSNBC
Jan 23, 2013 3:00am PST
to defuse the debt ceiling crisis at least temporarily. republicans are planning to offer legislation that will suspend the enforcement of the federal debt limit for at least three months, allowing the government to keep borrowing money to pay for all of its current obligations. in exchange, the house gop'ers want the democratic-controlled senate to do something they haven't done in 1,365 days, pass a budget. something that body hasn't done since 2009. now, instead of demanding spending cuts, republicans have added a provision to the bill that would suspend lawmakers' own paychecks if their chamber fails to pass a budget by april 15th. that's a lot like actually the no labels, no budget, no pay plan that that organization's been dealing with, talking about for a long time. michael steele, i think that's a great idea. >> i do, too. >> if you don't do your job -- >> why get paid for it? >> and the democrats in the senate haven't done their job in that many days, why pay them? >> i don't think you should. in fact, if i had my way, it would be retro. so i'd take back the money we paid you over the last four years for not doing your job. and i think, you know, again, some people say
FOX Business
Jan 22, 2013 10:00pm EST
house says they are going along with a debt ceiling deal proposed by the republicans, to vote on it tomorrow. i hope he's not needlessly anticipating success on the part of the republicans. your reaction? does it surprise you? >> no, it's floating for three months, right? then hit the barrier in three months ago. the inaugural drags, if you noticed, no olive branch here to everyone educational departing, besettle all scores. this four years, we settle all scores, stick it to the republicans, and everyone who said that i was not from this country, the birth is out there, they are taking this personally. it starts at the top. it's going to trickle down with every new jacket he's bringing in to the administration. it's personal. we settle the scores. that was the theme. >> i'm not going there, but as an american citizen, i'm sick and tired of the extension after extension after extension. if it was the private sector and were not getting it done, just pass the deadline, they would be firedded. this angers me so much. can we get a resolution to the issue? lou: do you agree? fire harry reid and the democratic leadership that failed to pass a budget? almost four years? >> well, i -- that's going to happen. president obama spent the first four year i trying
WETA
Jan 22, 2013 7:00pm EST
-term extension of the debt ceiling. but a white house spokesman said today the president will accept a short-term bill if it reaches his desk. without an extension, the government could run out of money within a month. a deep freeze lingered in the upper midwest today with temperatures dropping in some places to minus 30 fahrenheit. wind chills made it even worse. across the region, people bundled up to face the cold, and some schools closed. frigid arctic air swept down from canada last saturday. authorities attribute at least three deaths to the weather so far. american military transport planes have joined the french effort to repel islamist rebels in mali. pentagon spokesman george little confirmed today that u.s. c-17's have flown five missions to the african nation in recent days. they ferried more than 80 french troops and 120 tons of equipment. little said the u.s. is still considering whether to provide aerial refueling planes. at least 17 iraqis died in a series of car bombings in and around baghdad today. dozens more were injured. one blast targeted a crowded market in the shiite neighborhood of shula, where the burnt-out shells of cars and other charred debris littered the streets. there w
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